Lukoil says asset sale being carried out under wind-down license issued by Department of the Treasury's Office of Foreign Assets Control (OFAC), which allows for limited transactions for set period of

On Wednesday of last week, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took a significant further step to increase

The statement mentioned that any violation of sanctions may result in the imposition of civil or criminal penalties on US and foreign persons, here is more

The U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) slammed Russia with new sanctions against its two major oil companies Wednesday, amid stalled peace talks.

Lukoil has begun reviewing proposals from potential buyers for the sale of its international assets after the imposition of U.S. sanctions. — Ukrinform.

The US Department of the Treasury on Wednesday imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine.

The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel legal and policy issues ...

In an era of active U.S. sanctions policy, it is not uncommon to see the Office of Foreign Assets Control (“OFAC”) issue a notice changing U.S. sanctions – promulgating a new sanctions program or updating the designation of a bad actor on the List of ...

Another Indian national sanctioned was Iyappan Raja, who is the owner of Marshall Islands-based Evie Lines Inc., which owns and operates the Panama-flagged SAPPHIRE GAS vessel. It has transported over a million barrels of Iranian LPG to China since April 2025. Evie Lines Inc. was also on the list of sanctioned entities.

WASHINGTON — U.S. Senator Bernie Moreno jousted with Colombian President Gustavo Petro on social media Friday after the Treasury Department imposed sanctions on Petro, claiming he aided international drug trafficking.

The two largest Russian oil companies, along with nearly 30 of their subsidiaries, were included in the U.S. Treasury Department sanctions list on Oct. 22, marking the first time the United States applied any kind of pressure on Moscow since U.